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    2430 Morris Ave Birmingham, AL 35203

    For Sale
    $1,650,000

    Turnkey operation, high-traffic location.

    Property size:
    9,325 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A retail property, located at 2430 Morris Ave in Birmingham, Alabama, presents a unique opportunity to acquire a thriving restaurant and bar business. The 9,325 square foot space, fully renovated in 2016, boasts 6,600 square feet of indoor space and an additional 2,725 square feet of outdoor area, perfect for expanding your operations. Situated in a prime location within Birmingham's vibrant Loft District, this property benefits from exceptional visibility and accessibility, with easy access from Red Mountain Expressway (US-31/280, boasting over 80,000 vehicles per day) and 1st Avenue N (US-78, with over 28,000 vehicles per day). Ample parking is available for patrons and staff. The property is currently 100% occupied, with a lease expiring January 1, 2025. This turnkey operation is surrounded by successful entertainment venues, restaurants, and bars, ensuring a strong customer base. The building, constructed in 1924, offers a blend of historic charm and modern amenities, making it an ideal investment for discerning entrepreneurs. The asking price is $1,650,000, translating to $176.94 per square foot. This is a rare opportunity to own a well-established business in a rapidly growing area of downtown Birmingham. Don't miss out on this chance to capitalize on the thriving Birmingham restaurant scene.

    Property Features for 2430 Morris Ave

    General Information

    Property type
    Restaurants
    Square Feet
    9,325 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1924/2016
    Buildings
    1
    Stories
    2

    HighLights

    • $1,650,000 asking price for this Class A, 9,325 SF retail property (bar/restaurant).
    • High visibility from major roadways (US‑31/280 & US‑78), boasting high daily traffic counts.
    • Spacious layout includes 6,600 SF of indoor space and 2,725 SF of outdoor space.
    • Ample on‑site parking.
    • Fully renovated in 2016.
    • Prime location in Birmingham's thriving entertainment district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carrigan's Public House ... Gastropub

    Suggested Use

    Realty agency Spa & Massage Hair Salon Nail Salon Daycare Center Clothing Store HVAC Service Grocery Store Nursing Home Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.798569326271
    Latitude
    33.517011383914

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    FAQs

    What type of property is this?
    Restaurant - Turnkey operation, high-traffic location.
    Where is this restaurant located?
    The property is located at 2430 Morris Ave Birmingham, AL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: $1,650,000 asking price for this Class A, 9,325 SF retail property (bar/restaurant).; High visibility from major roadways (US-31/280 & US-78), boasting high daily traffic counts.; Spacious layout includes 6,600 SF of indoor space and 2,725 SF of outdoor space.
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    Birmingham, AL 35203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2430 Morris Ave Birmingham, AL 35203
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